The property management software market size has seen substantial growth in recent years. It is set to expand from $6.07 billion in 2024 to $6.67 billion in 2025, representing a compound annual growth rate (CAGR) of 9.9%. This growth is mainly attributed to factors including efficiency, time-saving mechanisms, remote property management, financial management, tenant and lease management, compliance, user-friendly interfaces, and more.
Looking ahead, the market is expected to grow to $9.79 billion in 2029 at a compound annual growth rate (CAGR) of 10.0%. This predicted growth can primarily be attributed to customer relationship management, predictive maintenance solutions, energy efficiency, sustainable practices, tenant portals for self-service, dynamic pricing strategies, and advances in reporting and analytics. Two rising trends include the integration of smart building technologies and the increasing dominance of cloud-based solutions.
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What Are The Key Growth Drivers Of The Property Management Software Market?
The impressive growth of the property management software market in the forecast period is predicted to be fueled by increased investments in smart cities globally. Governments worldwide are funneling resources into the creation of smart cities that utilize information and communication technologies to manage urban services efficiently.
For instance, in the European Union, the drive for smart city development is strong, with research funds and sustainability targets being set for member states. The smart city concept is also gaining traction in developing nations. Over 1,000 smart city pilot projects globally are either ready for, or are under construction, with around 500 of these located in China.
What Are The Primary Segments In The Property Management Software Market?
The property management software market is segmented by:
1) Deployment: Cloud, On-premise
2) Application: Residential, Commercial
3) End-User: Housing Associations, Property Managers or Agents, Property Investors, Other End-Users
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Who Are The Major Players In The Property Management Software Market?
Prominent players in the property management software market include AppFolio Inc., Console Australia Pty Ltd., CoreLogic Inc., Entrata Inc., InnQuest Software Corporation, IQware Inc., RealPage Inc., Yardi Systems Inc., and others.
What Are The Emerging Trends In The Property Management Software Market?
Artificial Intelligence (AI) enabled applications are a key trend in the market. These applications aid real estate companies with marketing campaigns, property portfolio management, leasing, accounting, operations, and many other functions.
Which Region Is Leading And Which Is The Fastest Growing In The Property Management Software Market?
North America was the largest region in the property management software market in 2024, while Asia-Pacific is expected to be the fastest-growing region in the forecast period.
What Does Property Management Software Market Report 2025 Offer?
Property management software is a key tool used to manage hotels and other rental homes for businesses. The software provides a centralized computer system to plan, coordinate and carry out the daily tasks and transactions of the lodging industry, reducing manual effort for rent collection, maintenance scheduling, and repairs.
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